Hannan Metals (CVE:HAN) Stock Price Down 22.8% - What's Next?

Key Points

• Hannan Metals Ltd. shares fell by 22.8% on Wednesday, trading as low as C$0.57 before closing at C$0.61, with a significant trading volume spike of 454% compared to average sessions.
• The company has a market cap of C$72.14 million and a price-to-earnings ratio of -12.75, indicating negative earnings performance.
• Hannan Metals focuses on the acquisition and exploration of mineral properties in Ireland and Peru, with its flagship project being the San Martin project covering 65,600 hectares.

Hannan Metals Ltd. (CVE:HAN - Get Free Report) shares traded down 22.8% on Wednesday . The company traded as low as C$0.57 and last traded at C$0.61. 634,579 shares were traded during mid-day trading, an increase of 454% from the average session volume of 114,569 shares. The stock had previously closed at C$0.79.

Hannan Metals Stock Up 2.8%

The firm has a market cap of C$92.49 million, a PE ratio of -74.00 and a beta of 0.39. The stock's fifty day simple moving average is C$0.91 and its two-hundred day simple moving average is C$1.05.

Hannan Metals Company Profile

Hannan Metals Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Ireland and Peru. The company explores for copper, gold, silver, zinc, and lead deposits. Its flagship project is the 100% owned the San Martin project covering an area of 65,600 hectares located to the northwest of Tarapoto, Peru.